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Good Tuesday morning,
Up, up, and away we go! That makes it the 28th new all-time high for 2025. And we can thank NVDA and OpenAI for the new highs, as NVDA announced a $100 billion investment in OpenAI, which sparked another global rally. So the $64,000 question is: how long will it last? We can never know the exact answer, but each day we have important levels to watch. Today it literally jumps out at us, so let's get into it!
📊 In the profile pic and key levels, futures are slightly higher across the board, but that's not the important thing to watch. The overnight range, ONL, plus the single prints from yesterday's range, lets us know exactly what to look for today! As long as the price stays above the ONL (overnight low) and the first set of single prints at 6,744, then the bulls remain in control. The POC at 6,751.75 is the next go line, and then the prior high (which is poor) at 6,756.75 would we then look for upper targets. Now, if the sellers take the price below 6,744, then lower targets would be in play! Keep it simple today.
Futures are currently trading at 6,751 at the time of this writing.
🧭 VPOC Update: No new VPOC's were added or taken out on Monday, so we still have 9 below the current price with none above.
Current VPOCs: 9 BELOW!
- 6,661.25
- 6,595.75
- 6,571.75
- 6,509.25
- 6,506.25
- 6,450.50
- 6,396.50
- 6,373.25
- 6,310.00
TARGETS AND KEY LEVELS TO WATCH:
/ES upside target is: 6,770 - 6,780
Key Levels: 6,757.75 POC then 6744 ONL & Single Prints
downside target is: 6,730 - 6,720
/NQ upside target is: 25,120 - 25,140
Key Level: 24,991 POC
downside target is : 24,900 - 24,875
/RTY upside target is: 2,500 - 2,510
downside target is: 2,470 - 2,460
Economic Data : Very Light
Richmond Fed Manufacturing Index @ 10:00 a.m EST
PMI Composite Flash @ 9:45 a.m. EST
Jerome Powell Speaks @ 12:45 a.m. EST
More Color By : Rich Rickus
1. / ES - Key Demand $6640-50 Supply above at $6756-70
Bullish : Sellers trapped above $6640 looking to play a break and retest above $6650 long targeting $6675 then $6700
Bearish Buyers trapped below $6640 looking to play short after a break and retest below $6635 targeting $6610then a break down into $6590
2. SPY Key demand at $658-660 with Supply above at $667
Bullish Sellers trapped above $658 looking to play a break and retest from $659 long targeting $661 then a breakout into high $662
Bearish Buyers trapped below $657 after a break and retest below $656 targeting $655 then a breakdown into $6530
3. /NQ Key demand at $24750 with Supply above at $25027
Bullish Sellers trapped above $24750 looking to play a break and retest above $24800 long targeting $24925 then a breakout back into low $25050
Bearish Buyers trapped below $24720 looking to play short from below $24700 targeting $24650 then $24500
4. QQQ Key Demand at $599-600 with Supply at $603
Bullish Sellers trapped above $599 looking to play a break and retest from $600 targeting $601 then a breakout into high $602
Bearish Buyers trapped below $599 looking to play a break and retest below $598 targeting $596 then $595
Have a great day!
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